Control Empresarial De Capital Purchases 20,000 Shares of PBF Energy Inc. (NYSE:PBF) Stock

PBF Energy Inc. (NYSE:PBF - Get Free Report) insider Control Empresarial De Capital acquired 20,000 shares of the company's stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of $19.09 per share, with a total value of $381,800.00. Following the purchase, the insider now owns 30,534,998 shares in the company, valued at $582,913,111.82. The trade was a 0.07 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Control Empresarial De Capital also recently made the following trade(s):

• On Monday, March 3rd, Control Empresarial De Capital acquired 155,000 shares of PBF Energy stock. The stock was purchased at an average cost of $20.20 per share, with a total value of $3,131,000.00.
• On Thursday, February 6th, Control Empresarial De Capital purchased 150,000 shares of PBF Energy stock. The stock was acquired at an average price of $28.70 per share, with a total value of $4,305,000.00.
• On Monday, February 3rd, Control Empresarial De Capital purchased 40,000 shares of PBF Energy stock. The shares were acquired at an average price of $27.47 per share, for a total transaction of $1,098,800.00.
• On Thursday, January 30th, Control Empresarial De Capital bought 46,000 shares of PBF Energy stock. The shares were bought at an average cost of $29.70 per share, for a total transaction of $1,366,200.00.
• On Tuesday, January 28th, Control Empresarial De Capital acquired 60,000 shares of PBF Energy stock. The shares were bought at an average price of $29.29 per share, with a total value of $1,757,400.00.
• On Wednesday, January 22nd, Control Empresarial De Capital bought 100,000 shares of PBF Energy stock. The shares were purchased at an average cost of $29.60 per share, with a total value of $2,960,000.00.
• On Tuesday, January 14th, Control Empresarial De Capital acquired 100,000 shares of PBF Energy stock. The shares were purchased at an average price of $28.62 per share, with a total value of $2,862,000.00.

PBF Energy Stock Performance

NYSE:PBF traded down $2.23 during mid-day trading on Friday, reaching $14.48. The company's stock had a trading volume of 4,021,939 shares, compared to its average volume of 2,242,816. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.67 billion, a P/E ratio of -3.07 and a beta of 1.62. The firm's fifty day moving average price is $23.34 and its two-hundred day moving average price is $27.87. PBF Energy Inc. has a 12-month low of $14.11 and a 12-month high of $62.88.

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PBF Energy (NYSE:PBF - Get Free Report) last released its earnings results on Thursday, February 13th. The oil and gas company reported ($2.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.80) by ($1.02). PBF Energy had a negative return on equity of 7.40% and a negative net margin of 1.61%. The firm had revenue of $7.35 billion during the quarter, compared to analysts' expectations of $7.25 billion. On average, equities analysts forecast that PBF Energy Inc. will post -1.12 EPS for the current fiscal year.

PBF Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were paid a $0.275 dividend. The ex-dividend date was Thursday, February 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.60%. PBF Energy's payout ratio is currently -23.35%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PBF shares. TD Cowen decreased their target price on PBF Energy from $19.00 to $17.00 and set a "sell" rating for the company in a research note on Tuesday, March 11th. Mizuho reduced their price objective on shares of PBF Energy from $28.00 to $22.00 and set an "underperform" rating for the company in a report on Tuesday. Piper Sandler cut their price target on PBF Energy from $24.00 to $23.00 and set an "underweight" rating for the company in a research note on Friday, March 7th. UBS Group lowered their price objective on PBF Energy from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company cut their target price on PBF Energy from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Seven analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.55.

Institutional Investors Weigh In On PBF Energy

Large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of PBF Energy by 150.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,116,396 shares of the oil and gas company's stock valued at $56,191,000 after buying an additional 1,272,254 shares during the period. American Century Companies Inc. increased its stake in PBF Energy by 11.2% in the fourth quarter. American Century Companies Inc. now owns 1,865,625 shares of the oil and gas company's stock worth $49,532,000 after purchasing an additional 187,351 shares during the period. Two Sigma Investments LP boosted its stake in shares of PBF Energy by 12.6% during the fourth quarter. Two Sigma Investments LP now owns 1,645,584 shares of the oil and gas company's stock valued at $43,690,000 after purchasing an additional 184,194 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of PBF Energy by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,492,817 shares of the oil and gas company's stock worth $39,634,000 after purchasing an additional 78,045 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of PBF Energy by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,492,573 shares of the oil and gas company's stock worth $39,628,000 after acquiring an additional 562,287 shares during the period. 96.29% of the stock is owned by institutional investors.

PBF Energy Company Profile

PBF Energy Inc, through its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products from crude oil.